The export value of knitted or crocheted fabrics from China stood at 20.7 billion USD in 2023. According to forecasts, this value is expected to rise year-on-year by approximately 4.5% in 2024 and continue with a similar growth trajectory reaching 25.4 billion USD by 2028. The Last CAGR from 2024 to 2028 is thus around 4.5% annually. Over the next five years, we see a consistent growth pattern with annual variations in percentage ranging between 4.4% to 4.5%, which indicates a stable and positive export market.
Key future trends to watch for include potential changes in global trade policies, advancements in textile manufacturing technology, and shifts in consumer demand towards sustainable fabrics. Monitoring these elements could significantly impact the forecasted growth in the coming years.
